Welcome to our dedicated page for Invesco DB Agriculture Fund SEC filings (Ticker: DBA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Invesco DB Agriculture Fund filings document material events for a commodity fund issued through Invesco DB Multi-Sector Commodity Trust. Recent 8-K and amended 8-K disclosures identify DBA's common units of beneficial interest, NYSE Arca listing, and relationship to the DBIQ Diversified Agriculture Index Excess Return.
The filings describe index methodology changes implemented by Deutsche Bank AG, including the addition of soybean meal and soybean oil to the eligible commodity universe, revisions to Optimum Yield contract selection, rules-based annual reviews of base weights and commodities, and commodity weight limits intended to reduce concentration risk.
Invesco DB Agriculture Fund reported strong results for the three months ended March 31, 2026, driven by gains on agricultural commodity futures. Net income was $55.7 million, compared with a net loss in the prior-year period, as both realized and unrealized futures gains were positive.
Total assets rose to $1.22 billion, with shareholders’ equity at a similar level and Shares outstanding increasing to 44.65 million. Net asset value per Share increased from $25.54 to $27.26, while market price per Share ended at $27.32, producing a 6.73% total return at NAV for the quarter.
The Fund continued to follow its strategy of tracking the DBIQ Diversified Agriculture Index Excess Return through long futures positions across corn, soybeans, wheat, sugar, cocoa, coffee, cotton and livestock, supported by substantial collateral in affiliated money market and short‑term Treasury funds.
Invesco DB Agriculture Fund is a Delaware series trust that uses exchange-traded futures to track the DBIQ Diversified Agriculture Index Excess Return. The index currently covers 13 agriculture and livestock commodities, including corn, soybeans, wheat, sugar, cocoa, coffee, cotton, live cattle, feeder cattle and lean hogs.
The Fund earns interest and dividends from U.S. Treasury obligations, money market funds and T‑Bill ETFs posted as collateral, but performance is driven mainly by futures returns and roll yield. It charges a 0.85% annual management fee and total expenses of about 0.92% per year. The Fund is not actively managed; it systematically rolls contracts using a rule-based methodology designed to respond to contango and backwardation. Extensive risk factors highlight high volatility, possible large drawdowns, position limits, liquidity constraints, geopolitical shocks, regulatory changes and tax complexity. As of its most recently completed second fiscal quarter, non‑affiliate equity market value was $787,416,000, and 28,150,000 units were outstanding as of January 31, 2026.
Invesco DB Agriculture Fund is updating how its underlying index is constructed. Effective November 10, 2025, Deutsche Bank modified the DBIQ Diversified Agriculture Index Excess Return by expanding eligible commodities, adding Soybean Meal and Soybean Oil, tightening liquidity screens, and introducing annual reviews of commodity weights.
The index now includes sector and single-commodity caps and floors and allows intra-year rebalancing when weights drift too far from targets. The Fund states these changes will not change its investment objective.
Invesco DB Agriculture Fund (DBA) filed its quarterly report for the period ended September 30, 2025. The fund reported net income of $16,878,645 for Q3, driven by $8,245,812 of interest and dividend income and gains from futures revaluation, offset by a realized loss on commodity futures.
Net asset value per share was $26.80 with 29,550,000 shares outstanding, compared with $26.60 and 29,600,000 at year-end. Total assets were $792,318,266 and shareholders’ equity was $791,801,234. Affiliated investments (Invesco Government & Agency Portfolio and Invesco Short Term Treasury ETF) represented 80.96% of equity, while open commodity futures positions produced a net unrealized depreciation of $2,943,406 at quarter-end. Average notional futures exposure was $790,199,899 in the quarter.
The fund recorded nine‑month net income of $441,670 as realized gains earlier in the year were offset by subsequent unrealized losses. A subsequent event notes Index methodology changes effective November 10, 2025, including expanded commodities, modified Optimum Yield selection, annual weight reviews with caps/floors, and intra‑year rebalancing triggers.
Invesco DB Agriculture Fund (DBA) disclosed changes to the index methodology used to track agricultural commodities. The index provider will now determine eligible commodities annually based on liquidity and economic importance, and the index universe is expected to expand. The Optimum Yield method will be modified to remove contracts with limited liquidity, static allocations will be replaced by a rules-based annual review to reflect current production and market liquidity, and sector and single-commodity caps and floors will be added to reduce concentration risk. An intra-year rebalance may occur if large monthly deviations appear. The filing states these changes do not affect the Fund's investment objective.